TaxTMI 
TaxTMI 
Anil Ambani moves SC against SBI classification of his account as fraud
X X X X Extracts X X X X
X X X X Extracts X X X X
....nil Ambani moves SC against SBI classification of his account as fraud<BR>PTI News<BR>Dated:- 1-12-2025<BR>PTI<BR>New Delhi, Dec 1 (PTI) Industrialist Anil Ambani has moved the Supreme Court challengi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ng an order of the Bombay High Court which upheld the State Bank of India's (SBI) decision classifying his and Reliance Communications' accounts as fraud. The matter is yet to be listed for hearing.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... The High Court had on October 3 dismissed Ambani's plea challenging the SBI decision and said there was no merit in the plea. The SBI had last year classified the accounts as fraud, alleging misa....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ppropriation of funds by entering into transactions that violated the terms of loans extended by it. Ambani moved the HC, arguing that the bank had not followed the principles of natural justice as ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....it did not grant him a hearing. Certain documents, based on which the classification orders were passed, were not provided to him initially and were furnished only after six months, the petition cla....
X X X X Extracts X X X X
X X X X Extracts X X X X
....imed. The bank this year lodged a complaint with the Central Bureau of Investigation (CBI), which searched premises linked to Reliance Communications and Ambani's residence. The CBI said it had re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....gistered a complaint after the State Bank of India claimed a loss of Rs 2,929.05 crore resulting from alleged misappropriation by Reliance Communications and Anil Ambani. PTI PKS RT RT<BR> News - Pres....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s release - PIB....